Most purchasers in Dubai evaluate a property’s valuation based on its location, amenities, and number of bedrooms when making a purchase. The overall covered area of the land is something that is sometimes overlooked. Your concept of costly properties and inexpensive properties may drastically vary if you view it from the perspective of price per square foot in Dubai. So, how can you spend your money wisely? The typical rates based on square footage in Dubai’s most sought-after apartment and villa communities are described next.
Average price per square foot:
The average price per square foot should always be taken into account, regardless of your particular approach or thought process. Keep in mind that using this information might increase the return on your investment. To provide an essential window into the emirate’s real estate market, we have identified Dubai’s top residential neighborhoods together with their average costs per square foot. Let’s start with neighborhoods where apartment sales are trending.
Some of the most opulent residential buildings and towers can be found in Dubai Marina. Several residential complexes in this region of Dubai are ideally situated and have top-notch facilities. In addition, the neighborhood guarantees convenient access to parking, supermarkets, schools, and public transportation. Investors may choose from a variety of flats for sale in Dubai Marina. Apartments in Dubai Marina sell for AED 1,468 on average per square foot. The ROI is at 6.84%.
Jumeirah village circle:
Nakheel, a well-known real estate developer in Dubai, built the kid- and family-friendly Jumeirah Village Circle. The springs and Al Barsha are nearby, while Hesse Street and Al Khail Road (E44) provide excellent access to the remainder of the city (D61). Numerous benefits are available to residents, including easy access to hotels, shops, nurseries, hospitals, and schools. Apartments for sale in JVC provide affordable alternatives with a solid profit rate when it comes to the typical cost per square foot. The typical sales price per square foot for flats in JVC is AED 901. The good news for prospective investors is that the anticipated ROI is 6.84%.
It’s a terrific spot to reside in Dubai, which is home to well-known tourist destinations like The Dubai Mall and Burj Khalifa. Although apartments predominate, Downtown Dubai also has several villas. Investors are encouraged to purchase houses in the region of the neighborhood’s convenient access to transit, plenty of entertainment options, and several other advantages of living there. For flats in Downtown Dubai, the average selling price per square foot is AED 2,285. Apartments in Downtown Dubai have an ROI of 6.01%.
A varied range of properties is available in the mixed-use region known as Business Bay. Business Bay offers a wide variety of apartment sizes and layouts for investors to choose from. Most of the complexes and high-rises in the area provide a modern, cosmopolitan lifestyle together with top-notch facilities. Locals in Business Bay have access to a variety of facilities, such as dining establishments and grocery stores. On the open market, apartments in the area normally go for AED 1,555 per square foot. The expected ROI is 5.54%.
Jumeirah Lake towers:
Jumeirah Lakes Towers is a mixed-use neighborhood bordering four man-made lakes that have become popular with both single people and families. Both tenants and purchasers looking for cozy houses with all the essential conveniences frequent the region. The houses in the region provide exceptional value for money when taking into account the amenities offered and predicted ROI. In JLT, flats typically sell for AED 988 per square foot. ROI is projected to be 7.49%.
First, let’s talk about areas where apartment sales are trending. So, how can you spend your money wisely? The typical rates based on square footage in Dubai’s most sought-after apartment and villa communities are described next.